Some people say it is but I haven't had nay problems with them. In just 2 months I already made a 100% profit (referrals and daily earnings). Unlike all the other "bitcoin lending" platforms Bitconnect is actually tied to the blockchain and have their own cryptocurrency called the Bitconnect coins (BCC). Their coin goes up and down directly with bitcoin as well. So I personally think Bitconnect is great, but many others are calling it a scam but their is no proof. If you want to join click the link in my post and it will show you step by step how to set it up and start earning!
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